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| PROTECTIVE TERM LIFE INSURANCE COMPANY |
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Protective Life is the parent company of a brokerage subsidiary, West Coast Life Protective Life Insurance Company. Protective Life Corporation, headquartered in Birmingham, Alabama, is a Fortune 1000 holding company. The Group's principal activity is to provide financial services through the production, distribution and administration of insurance and investment products. It markets individual life insurance, credit life and disability insurance, guaranteed investment contracts, guaranteed funding agreements, fixed and variable annuities and extended service contracts throughout the United States. Protective Life Insurance Company was founded in 1907 by former Albama Governer William Dorsey Jelks inBirmingham, Alabama. From around 1920 to 1940, Protective Life pursued a rapid expansion policy. In an attempt to grow the company, William J. Rushton, III, who assumed the role of CEO, pushed for an ambitious plan to introduce Protective Life into all 50 U.S. states.
Today, the 100-year old company is one of the nation's leading providers of life insurance. The operating segments are Life Marketing, Acquisitions, Annuities, Stable Value Products and Asset Protection. It has an additional segment referred to as Corporate and Other which consists of net investment income on unallocated capital, interest on debt, earnings from investment-related transactions and the operations of several small non-strategic lines of business. It is a wholly owned subsidiary of Protective Life Corporation. It markets the products through independent agents, insurance brokers, stockbrokers, financial institutions and automobile dealers. Provides financial services through the production, distribution and administration of insurance and investment products. |
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